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pressures and the uncertainties, and also other technology companies really did not have very good quarters as well. i thought the company did a very good job on execution, on cross control and market share gains. the fact that this company is grow revenues at 5.5% while its peers saw revenues decline 4.3% in the same time period, it really speaks to the market share gains that they're seeing and that the clear highlights to me were service provider video, retireless and data center all growing double digits nicely. >> kelly and i were talking about this earlier. cisco seems to sort of outperform -- seems to be an outliar. does well when others aren't and doesn't do well when others are. i'm wondering is that actually the case? because that's the appearance. and indeed whether we can take anything for the sector from this. >> i think the one thing that if you want to take away from cisco's quarter is that the u.s. enterprise for cisco grew 9%, versus 5% last quarter. that's the second quarter in a row where you saw acceleration. and this is a leading indicator for its broader businesses. th
to technology. >> the reality show is called "silicone valley" and it's now starring on bravo. the show benefits from the convergence of technology and pop culture. check it out. >> technology is such a part of pop culture. it's a part of all of our lives. it's a part of how we parent our children. it's a part of how we get jobs. it's a part of how we find love. most people are within an arm's length of their mobile phones, like, 99% of the take. >> randy zuckerburg took the company public to start her own media company. >>> several stories caught our attention today. photos as well. take a look. in india a little girl holds a stick to balance as she tight-ropes in the streets. children earn a meager living for their families by street prfling. >>> this town was bombed by syrian forces. more than 100,000 syrians have fled to turkey since syria's civil war began just last year. >>> in new zealand prince charles learning how to use a gun used to make carpets. the royal logo is on the one he is working on. it's part of the queen's diamond jubilee float. >>> this is cnn newsroom. new details now on
volkswagen didn't make good on the promise to share environmental technology. volkswagen denied the claim. at the hearing, an arbitrator will hear arguments from both sides and sort out the issues. a decision by the court is legally binding. >>> researchers from germany, switzerland and austria unveiled a robot they say can walk around and find its way even in crowded cities with some help from people. the researchers say the robot iuro, interactive urban robot asks people for directions to get to its destination. >> in seems to recognize speech and detect obstacles in its way. it follows instructions like go straight and turn left. when iuro arrives at its destination, kit ask if it's in the right place. the researchers are hoping to develop robots that can help elderly people and others in the future. >>> that's all for now in business news. i'm going to leave you with the recap of market figures. >>> tokyo has been enjoying a break from the rain, but that may not last with the storm headed this way. rachel ferguson has the latest in weather. >> that's exactly right. there's a snowstorm
and attack soesh immedia social media. game technology also reporting better fourth quarter earnings on sales of slot machines. >>> let's get back to the broader markets. joining us live from new york is maury harris, chief u.s. economist at ubs investment research and from richmond, virginia, alan gail from ridge worth capital management. . welcome to both of you. maybe we should start having a bell ding every time we talk about the fiscal cliff. we were talking about it this morning and trying to figure out what it means. the cbo came out with new projections. they do talk about how this could push the jump in the jobless rate to 9.1% by the end of 2013, but they say over the longer term, you will see the unemployment rate fall and the economy would return after some time. they're talking about a long time, though. i think it takes until about 2020 before you see the rate back down at 5.5%. how big of a deal is this, what happens next year and beyond if we do go over the fiscal cliff? >> first of all, i think it's a public service that the cbo is warning what would be these likely dire cons
a lot of people talk about the science technology. >> engineering. >> engineering and math. right. [laughter] i do think -- i am all for studying all these interesting things, but i do think that having those kinds of skills -- the countries we worry about competing with us a lot of their focus is on those things that actually have real world usefulness in the economy, and germany for a long time i spent a reasonable amount of time in germany they've emphasized engineering and technical backgrounds and certainly china is doing it and as i said i'm also with historians and even economists. [laughter] but i do think that having a strong base of people with those kind of skills would be a great thing. >> i think the most important point is education matters a lot. if you look at the unemployment break down in the u.s. right now it is skewed very much to words high school graduates are sort of a range of numbers but i think it's around 13, 14%. and as you get up past high school graduate, college graduate advanced degree it drops precipitously in the there is a gap we have right now i
. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ nespresso. where there's a coffee to match my every mood. ♪ where just one touch creates the perfect cup. where every cappuccino and latte is made with fresh milk. ♪ and where clothing is optional. nespresso. what else? >>> a strategy session for your portfolio. we're keeping tabs on where stocks are heading and rising above the looming fiscal cliff, jason trennert and barry knapp on what matters for your money. >>> a healthy profit. athenahealth ceo john than bush and wharton professor zeek amman we will making obama care working for you. >>> and what needs to be done for the electric grids throughout the northeast. >> le
to get to national resources. technology is important to them. the historical labor making it so competitive in the past is narrowing and they have to do things to make manufacturing more competitive, so those two sectors are ones they're interested in. liz: do you foresee a change in american companies buying chinese companies? >> i think as u.s. sellers are more and more colorful with the chinese, a lot of the concerns by big part of that historically concerned is protecting intellectual property. some of that over time will become less important. liz: listen, this happening, you can fight the free market, we will be watching it. the managing director. closing bell ringing in 39 minutes. how worried is washington about another downgrade of u.s. credit if they don't reach a deal before falling off the edge of the fiscal cliff? charlie gasparino has a surprising answer coming up next. liz: here is your fox business market check. utilities sector down nearly 1% today and as you can see with the dow jones industrial getting hammered down 159, close to session lows. here's the spide
with stolen u.s. technology. chinese j-31 stealth fighter has an air intake and wing dimension that is suspiciously similar to the american s-35 an35.u.s. navy officials confira russian nuclear-powered attack submarine detected 300 miles off the east coast of the united states in late october. russia navy commander announced earlier on june 1, the russian nuclear power subs would return to patrolling the world's oceans as they did in the soviet times. >> bret: jennifer griffin live at the pentagon. thank you. we're learning tonight about the new suspects in september's deadly terror attack on the u.s. mission in libya. incident about to come under scrutiny. herron has the latest. >> reporter: -- catherine herridge has the latest. >> reporter: the list of suspects extends handful of militants aligned with the group jamal network fox news learned. it takes its name from abu ahmed released from the egyptian jail in arab spring. he has close ties to al-qaeda leader ayman al-zawahiri. >> i think we are going to find out that jamal is much more active internationally across, not just
has fallen off the table. we have the technology now to make this information available almost instantaneously. why not do it? host: we're talking with kathy kiely of the sunlight foundation. she has covered every presidential election since 1980. we will go to burt on the independent line. caller: i think that soft money is important, but in the grand scheme, not having equal time provisions in our broadcast is probably just as detrimental as not allowing certain opinions to appear. also, media conglomerates aggravate that even more so. guest: i think what the caller is referring to is cable television, which does not have the same rules and regulations. i am not an expert on the legal ramifications of equal time, but i think that is what he is talking about. as to media conglomerate, there are a lot of them, but certainly in this age, there are alternatives, too. host: in everything there is a point of diminishing returns. a road on advertising may do more harm than good. we go out to tempe, ariz. on the democratic line. good morning, lynette. caller: i have not been watching
of infringing on its technology. and citigroup will pay 15.5 million each to former ceo vehicle recomme vikram pandit reflectinging t t progress the coma. >> some of it was money that it already -- i thought the number was 6.6 smld what they actually gave him as an incentive fee. >> for leaving? >> well, that's the irony of it. >> going quietly maybe. >> he didn't go that quietly actually. he said it was his choice. he blamed everybody else. >> that's all boiler plate, isn't it? >> i guess so. >> so the jacket was deliberate. >> honestly i said to myself i don't have a pin today and maybe i will just not wear the jacket as a wave rising above. >> interesting. >> mac even came over to hand me the jacket. >> i saw. >> deliberate. >> goldman sachs is in settlement talks over an $8.3 billion position that one of the traders had concealed five years ago. a settlement is expected in coming weeks. and i probably -- do i look different today? no? not really? >> did you get a haircut? >> no. i got power. last night. >> you got power. >> last night. >> like 11:00 last night? >> 11:00. >> so almost two f
an impact from weakness particularly in europe on our technology business but we're seeing strong revenue growth and improving earnings in our services businesses. mixed bag. >> you've been talking about your services led business, part of the transformation of the company. at this point how much does that make up of the company in. >> a little bit more than half of our revenues. if you look forward to 2017 it will probably be two-thirds of our revenues not only driven by the fact we are growing that portion of the business but because the market's transitioning, customers are transitioning. they want more than a point solution. they want us to help them change the way they get business done so it's an exciting and growing portion of our portfolio. >> how does that change who your competitors are? >> it's a great question actually. our traditional competitors in the hardware business is hp and rico and cannon. now we have a large number of smaller less capitalized competitors mixed in with a few large competitors. we have transportation competitors, customer care competitors, we have heal
, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. and you pick the price that works for you. great. whoa, whoa, jamie. watch where you point that thing. [ mocking ] "watch where you point that thing." you point yours, i point mine. okay, l-let's stay calm. [ all shouting ] put it down! be cool! everybody, just be cool! does it price better on the side? no, it just looks cooler. the name your price tool, only from progressive. call or click today. i got you covered. thank you. oh, you're so welcome. >>> new york stock exchange suffered a trading glitch. an outage shortly after they opened monday on its matching engine. trading halted for more than 200 stocks. once they determined their official closing price based
much rather power this economy with the energy technologies that won't be viable for 30, 40 years from now as opposed to driving the economy with what's viable today. >> phil, this analysis said we could be oil exporters within the next 20 years or some what kind of an impact would that have on our economy as a whole? >> well i think it is going to give us a new form of income. it will lower our trade deficit. we were always concerned about, you know, sending all our money to china for goods and the trade deficit with china, it is not fair. guess what? we're going to be in a distinct advantage over china, not only from a trade standpoint because we're going to be able to provide them with energy they need but also because we're going to be able to attract manufacturing jobs here to the united states. why? because we're going to have the reliable, low-priced energy source for years to come. that's going to bring manufacturing back to the u.s. that will bring factories and jobs. this is historic. i'm euphoric. i've seen it coming for some time. i'm glad the international energy agency is
Search Results 0 to 15 of about 16 (some duplicates have been removed)